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Certificate of Deposit Account Registry Service (CDARS)®

April 1, 2023

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Learn more about
the other options available!

Enjoy peace of mind that comes with access to multi-million-dollar FDIC insurance and choose the service or combination of services that best meet your needs for returns and access to funds. When you place a deposit through CDARS® service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed in demand deposit accounts, money market deposit accounts or CDs at multiple banks. As a result, you can access coverage from many institutions while directly working with The Bank of Elk River.

For more information, watch the video below, visit the CDARS website, or contact one of our CDARS specialists.


Lynn Backlund

Business Deposit Specialist